Haselkorn & Thibaut has opened an independent investigation into Nick Centis (CRD# 6187468), a San Francisco, California-based financial advisor currently registered with JP Morgan Securities. If you are a current or former client of Mr. Centis and have concerns about your investment portfolio, you may be interested in the findings below and the resources available for investors like you.
Overview of Nick Centis – JP Morgan Securities Advisor in San Francisco, CA
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Nick Centis is a registered broker and investment advisor with JP Morgan Securities LLC (CRD# 61921), operating primarily in San Francisco, California. With 11 years of experience in the securities industry, Mr. Centis has held key roles at reputable firms, including past registrations with Stifel Nicolaus & Company, Barclays Capital, and Morgan Stanley. At JP Morgan Securities, he has been registered since 2020.
Credentials & Licensure:
- General Securities Representative Exam (Series 7)
- Uniform Combined State Law Examination (Series 66)
- Securities Industry Essentials Examination (SIE)
- 55 state licenses
Information presented is current as of April 16, 2026. Check latest registration details via FINRA BrokerCheck.
Summary Table: Regulatory, Complaint, and Litigation History
| Category | Details |
|---|---|
| Customer Complaints | 1 pending investor complaint (filed February 2026) |
| Regulatory Actions | No reported FINRA, SEC, or state actions |
| Civil/Criminal Litigation | No reported suits, judgments, or criminal disclosures |
| Media/Press Disclosures | No reported associated news or trade press coverage |
Details of Reported Customer Complaint
Publicly available records detail one significant investor complaint involving Nick Centis at JP Morgan Securities:
- Complaint Filed: February 2026
- Allegation: The customer alleged Mr. Centis recommended unsuitable options investments within a managed account, which is claimed to be inconsistent with the client’s financial profile and objectives.
- Claimed Damages: $10,953,568 (complaint currently pending resolution)
It is important for investors to know that a single complaint—especially one of this magnitude—may warrant attention, particularly if the suitability of investment strategies is called into question.
Understanding FINRA Suitability Requirements
Financial professionals are required by FINRA Rule 2111 to ensure that they have a reasonable basis to believe each investment recommendation is suitable for the customer, taking into consideration factors such as risk tolerance, investment objectives, age, and liquidity needs. Violations of this standard can create grounds for investor recourse in the event of losses stemming from inappropriate recommendations.
Haselkorn & Thibaut’s Ongoing Investigation
Haselkorn & Thibaut, a national securities fraud law firm with a 98% success rate and over 50 years of experience, has launched a focused investigation into Mr. Centis’s advisory practices. Our goal is to assist investors who may have suffered losses, or who have concerns about recommendation suitability or disclosure standards. Our team regularly reviews matters involving options, structured products, and other complex investment strategies where suitability is of critical concern.
What Does the Absence of Additional Complaints or Actions Mean?
As of the latest search (through June 2024) of public records, including FINRA BrokerCheck, the SEC, federal court filings, and state court dockets:
- No other customer complaints, arbitrations, or lawsuits have been reported against Nick Centis.
- There are no pending or completed regulatory actions, SEC enforcement proceedings, or criminal disclosures.
- Media and trade press sources do not report additional negative coverage or adverse actions.
This generally indicates an otherwise clean professional record until the recent customer complaint is resolved. However, the existence of a pending claim for such substantial damages may be an important development that investors should carefully consider.
Key Takeaways for Investors Working with Nick Centis or JP Morgan Securities
- One pending investor complaint for almost $11 million in damages alleging unsuitable options strategies.
- No other customer complaints, lawsuits, regulatory actions, or criminal disclosures currently found on record.
- Your experience may differ. If you have questions about specific recommendations or your investment history with Mr. Centis, it is wise to seek counsel.
- Haselkorn & Thibaut provides confidential, no-obligation consultations to review your situation and potential options for recovery. There is absolutely no fee unless there is a recovery.
How Haselkorn & Thibaut Can Help You
If you are an investor who worked with Nick Centis at JP Morgan Securities in San Francisco or have any concerns about recent recommendations, you deserve thorough answers and dedicated advocacy. Haselkorn & Thibaut has recovered millions for clients and has a proven record in representing investors nationwide in claims involving suitability, negligence, and improper investment strategies.
Schedule your free and confidential consultation today. Call 1-888-885-7162 and speak with a knowledgeable member of our team. You can also visit our website for more resources and information. Remember, there is no fee unless we achieve a recovery for you.
You are not alone if you have questions about your financial advisor’s recommendations or your portfolio’s performance. Take action and make sure your financial future is protected.
